October, 2019

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Buyers Market or Sellers Market?

With inventory less than 5 months supply, Somerville is in a Sellers Market. There is currently 2.9 months supply on the market.

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2018 Average Sales Price: $304,552

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Market Snapshot

Somerville, NJ - Past 6 Months
# of Bedrooms# of SalesAverage Sales PriceMedian Sales PriceAverage Days on MarketSales Price to List PriceSales Price to Original List Price
10$0$000%0%
28$187,363$190,0005592%85%
330$301,668$290,0005399%97%
410$366,066$349,0004599%98%
5+4$343,381$376,5003688%25%
TOTAL:52$299,675$290,0005097%77%

Last Month’s Sales

Somerville, NJ - There were 7 sales in December 2018
TownAddressList PriceProperty TypeBedroomsBathroomsGarageBasementSales PriceDays on Market
Somerville Boro11 PARK AVE$253,000Colonial21.10Y$230,00054
Somerville Boro23 MASTOGEN DR$275,000SplitLev31.10Y$262,50072
Somerville Boro79 FAIRVIEW AVENUE$289,900Ranch320Y$286,00064
Somerville Boro186 UNION AVE$349,000Bi-Level422N$359,00016
Somerville Boro78 SOUTHSIDE AVE$365,000Colonial420Y$354,00040
Somerville Boro484 E MAIN ST$429,000SplitLev531Y$410,00042
Somerville Boro172 DAVENPORT ST$499,900Colonial42.12Y$499,90039

Detailed Listing View

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[col3]ALL ACTIVE LISTINGS 2[/col3]
[col3]CLOSED SALES PAST 6 MONTHS[/col3]
[col3_last]QUESTIONS[/col3_last]